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REGISTERED NUMBER: 09623186 (England and Wales)










OAKDALE STORES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






OAKDALE STORES LIMITED (REGISTERED NUMBER: 09623186)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKDALE STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs P Patel
Mr D G Patel





SECRETARY:





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 09623186 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

OAKDALE STORES LIMITED (REGISTERED NUMBER: 09623186)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 30,000
Tangible assets 5 4,706 5,882
24,706 35,882

CURRENT ASSETS
Stocks 48,696 22,563
Debtors 6 107,692 124,686
Cash at bank and in hand 13,987 34,048
170,375 181,297
CREDITORS
Amounts falling due within one year 7 77,544 67,012
NET CURRENT ASSETS 92,831 114,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,537

150,167

CREDITORS
Amounts falling due after more than one
year

8

48,312

96,503
NET ASSETS 69,225 53,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,125 53,564
SHAREHOLDERS' FUNDS 69,225 53,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OAKDALE STORES LIMITED (REGISTERED NUMBER: 09623186)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr D G Patel - Director


OAKDALE STORES LIMITED (REGISTERED NUMBER: 09623186)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Oakdale Stores Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

OAKDALE STORES LIMITED (REGISTERED NUMBER: 09623186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 100,000
AMORTISATION
At 1 July 2022 70,000
Charge for year 10,000
At 30 June 2023 80,000
NET BOOK VALUE
At 30 June 2023 20,000
At 30 June 2022 30,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1 21,524 21,525
DEPRECIATION
At 1 July 2022 - 15,643 15,643
Charge for year - 1,176 1,176
At 30 June 2023 - 16,819 16,819
NET BOOK VALUE
At 30 June 2023 1 4,705 4,706
At 30 June 2022 1 5,881 5,882

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Other debtors 3,500 3,000

Amounts falling due after more than one year:
Other debtors 104,192 121,686

Aggregate amounts 107,692 124,686

OAKDALE STORES LIMITED (REGISTERED NUMBER: 09623186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 4,737 8,852
Trade creditors 26,862 11,561
Taxation and social security 18,683 43,338
Other creditors 27,262 3,261
77,544 67,012

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 48,312 96,503

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors , the amount owed to directors is £24,862 (2022 - £1360).The loans are interest free and with no fixed date of repayment.

10. RELATED PARTY DISCLOSURES

At the balance sheet date £104,192 is due from a company under common control.